Mitch McConnell contradicts Republican talking points:
The plan would require Congress to pass a bill allowing Obama to raise the debt limit on his own contingent on him taking a series of steps: Obama would have to notify Congress of his intent tor raise the debt limit — a high-sign to Congress that would be subject to an official censure known as a “resolution of disapproval,” and which Obama could veto. If he vetoed the resolution, and if Congress sustained the veto, then Obama would also have to outline a series of hypothetical spending cuts he’d make, equal to the amount of new debt authority he gives himself.
McConnell proposes extending this process in three tranches, to force Obama to request more borrowing authority, and to force debt limit votes in Congress, repeatedly through election season.
We’re repeatedly told by the GOP that businesses aren’t hiring and investing because they lack confidence in the future. This plan would would sow more uncertainty. Which is further proof that the GOP doesn’t believe their own talking points, that they don’t care about creating jobs, or–most likely–both.